Binance, the world’s largest cryptocurrency exchange by volume, is joining forces with tokenized real-world assets platform Securitize to expand access to BlackRock’s tokenized fund as collateral asset for institutional traders.
Summary
- Binance has integrated the BlackRock USD Institutional Digital Liquidity Fund as collateral.
- Collaboration with Securitize allows BUIDL use as off-exchange collateral for institutional users.
- BUIDL is also expanding to the BNB Chain network, adding to the adoption of real-world assets onchain
On Nov. 14, Binance and Securitize announced that the BlackRock USD Institutional Digital Liquidity Fund, or BUIDL, is now an accepted off-exchange collateral that institutional users can pledge for trading.
Binance accepts BUIDL as collateral
The integration of BUIDL, BlackRock’s tokenized Treasuries fund launched in 2024, comes as the global tokenization of real-world assets picks pace across the market.
Increasingly, RWAs such as funds, Treasuries, commodities and private credit are coming onchain, with investors eyeing investment opportunities that tap into both onchain and traditional products benefits.
Support for BUIDL as an eligible off-exchange collateral for institutional users adds to this growth pattern. It means qualified traders can unlock new avenues for capital efficiency while still tapping into the opportunities that come with asset tokenization.
“Our institutional clients have asked for more interest-bearing stable assets they can hold as collateral while actively trading on our exchange,” said Catherine Chen, head of VIP & Institutional at Binance. “Integrating BUIDL with our banking triparty partners and our crypto-native custody partner, Ceffu, meets their needs and enables our clients to confidently scale allocation while meeting compliance requirements.”
BUIDL goes live on BNB Chain
As well as support as collateral for trading, BUIDL is deploying on BNB Chain, the public blockchain network in the Binance ecosystem.
The tokenized fund is now available as a share class on BNB Chain, expanding access currently available via top networks such as Ethereum, Solana, Arbitrum, Aptos and Avalanche.
BUIDL allows qualified investors to access U.S. dollar yields with daily dividend payouts, and currently holds value worth over $2.5 billion.